Sunday, 20 November 2011

Steve Webb's hopes and fears for pensions

Liberal Democrat Voice points to the Liberal Democrat Pension Minister's interview by Ros Altmann of Saga. He said: “We need to move from a system that’s fiendishly complicated, that still leaves millions of pensioners living in poverty, to one, ideally, where we have a single, simple, decent state pension on which people can build.”. However, he admitted that the Bank of England's programme of quantitative easing led to volatility, "not knowing what you are going to get and an issue about poor returns.”

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